February Month of Fixed Deposit The Latest Offer from Various Main Banks
The National Bank lowered the Overnight Policy Rate (OPR) four times last year, which has also greatly affected the fixed deposit interest rates of various domestic banks. At present, ordinary fixed deposits can only enjoy 1.50% to 1.85%pa.
If you are still willing to deposit your money in fixed deposits, it is recommended that you choose the fixed deposit discount (Promotional FD). Here is the details of the fixed deposit offers launched by banks in February 2021.
Hong Leong Bank eFD
Date: January 8, 2021 – March 31
3-month PA% 2.30
2.35% PA 6 months
2.30% pa 12 months
minimum deposit: RM10,000
details : Must be deposited online through HLB Connect, and must be transferred from other banks by means of FPX.
Hong Leong Bank FD Bundle Deals
storage Date: January 1, 2021 – March 31
3-month PA% 2.50
2.50% PA 6 months
minimum deposit: RM10,000
Details: This is a Preferential for connecting fixed deposits and savings/current accounts. You must put 10% of the deposit into a savings/current account, such as RM10,000 into a fixed deposit and RM1000 into a savings account. The effective interest rate for this offer will be 2.27% to 2.39% pa. 3. RHB storage Date: From now – March 31, 2021 deposit rate: 6 months 2.35% pa 12 months 2.35% pa The minimum deposit: RM10,000 details: You can choose to store through RHB counters, or by RHB Now uses FPX to transfer money from other banks. If you deposit through the RHB counter, your deposit must be Fresh Fund. 4. Public Bank (Counter) storage Date: January 1, 2021 – March 31 deposit rate: 3-month PA% 2.08 2.28% PA 8 months minimum deposit: RM10,000 details:
It must be stored over the counter and must be a Fresh Fund.
Public Bank eFD
storage Date: January 1, 2021 – April 30
1% PA month 2.00
2.10% PA 2 months
2.20% pa 3 months
minimum deposit: RM5,000
details: It needs to be deposited with PBe Online Banking, and it must be deposited by transfer from other banks in FPX.
Date: From now – February 5, 2021 deposit rate: 12 months 2.38% pa The minimum deposit: RM1,000 Details: must be kept by OCBC counter. 7. Ambank storage Date: From now – February 28, 2021 deposit rate: 9 months 2.78% (normal user) 2.98% 9 months (only AmBank SIGNATURE user) minimum deposit: RM10,000 details:
This is a discount for linking savings/current accounts and fixed deposits. You must divide the funds between 70% and 30%, that is, time deposits account for 70%, and savings/current accounts account for 30%. Here is an example, you can deposit RM7,000 into a fixed deposit account and RM3,000 into a savings/current account. The effective interest rate of this offer ranges from 2.17% to 2.40%pa. 8. Affin Bank deposit date: From now – February 15, 2021 deposit rate: 1% PA month 2.00 3 months% PA 2.30 6 months% PA 2.40 8% PA months 2.40 12 months 2.45% pa Minimum deposit: RM10,000 Details: Must be deposited over the counter, and must be a Fresh Fund.